Travelers expects $75mn-$175mn net Milton loss, takes $242mn Q3 asbestos charge
Travelers’ share price was up over 7 percent on Thursday morning following a Q3 results beat, while management said Helene accounted for more than half of the quarter’s $939mn catastrophe losses, revealed a preliminary range of $75mn to $175mn for Milton and noted sequential improvement in business insurance renewal rate change.
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